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01 October 07:54 PM

GB Corp (GBCO)

Last update: 01:27 PM market time.
22.86
0.46
2.05%
Open 22.40
Previous Close 22.40
High 23.00
Low 21.92
Stock Statistics
Volume 1,302,364
Turnover 29,695,740.00
All data are 15 minutes late during market session

News

Tokio Marine Egypt Family Takaful will be relaunched under a new brand
27 August 2020 11:11 AM EFG Hermes, GB Auto acquire majority stake in Tokio Marine Egypt
Cairo – Mubasher: The Egyptian Financial Group Hermes Holding (EFG Hermes), through its non-banking financial institution (NBFI) arm EFG Hermes Finance Holding, and Ghabbour Auto (GB Auto), through its NBFI arm GB Capital, have completed the …
Companies Investments
GB Auto generated EGP 9.9 billion in sales in the January-June period
13 August 2020 04:59 PM GB Auto's profit surges 220% in H1-20
Cairo – Mubasher: The consolidated financial statements of Ghabbour Auto (GB Auto) reported a 220% year-on-year (YoY) increase in its net profits to EGP 363.02 million in the first half (H1) of 2020 from EGP 113.4 million, including minority …
Financial Results
Sales rose to EGP 5.888 billion in the three-month period
17 May 2020 01:47 PM GB Auto’s profit jumps 182% in Q1-20
Cairo – Mubasher: The consolidated financial statements of Ghabbour Auto (GB Auto) reported a 182% year-on-year (YoY) leap in its net profits during the first quarter of 2020. The automotive company’s net profits surged to EGP 216.15 million in …
Financial Results
GB Auto’s net profits plunged to EGP 223.55 million
5 May 2020 03:56 PM GB Auto adds MG brand to its portfolio in Iraq
Cairo – Mubasher: Ghabbour Auto (GB Auto) signed a partnership agreement with SAIC Motor Middle East to add MG Brand to its portfolio in Iraq. GB Auto was selected to market, distribute, and provide aftersales and warranty services for …
Companies Investments
The remaining amount of the proceeds stands at EGP 815.7 million
27 April 2020 03:16 PM GB Auto uses EGP 143m of capital raise proceeds
Cairo – Mubasher: Ghabbour Auto (GB Auto) used EGP142.97  million worth of proceeds of the capital raise subscription amounting to EGP 958.67 million listed in June 2015 till December 2019. The proceeds were used to finance the payment of …
Company News
GB Auto also adopted a cost reduction programme starting from April
9 April 2020 01:34 PM GB Auto freezes CAPEX plans on COVID-19
Cairo – Mubasher: Ghabbour Auto (GB Auto) has taken additional measures to shield its customers and employees against the implications of the novel coronavirus (COVID-19) outbreak. The company decided to freeze all auto and auto related capital …
Companies Investments
GB Auto’s net profits dropped to EGP 223.55 million in 2019
29 March 2020 01:01 PM GB Auto’s shareholders retract decision to merge with RGI
Cairo – Mubasher: The extraordinary general meeting (EGM) of Ghabbour Auto (GB Auto) approved a recommendation to retract its decision to merge with RG Investments (RGI). The company’s shareholders also decided to cancel all the effects resulting …
Mergers and Acquisitions
Shareholders are set to meet on 26 March to vote on the proposal
27 February 2020 00:18 PM GB Auto’s board retracts decision to merge with RGI
Cairo – Mubasher: The board of directors of Ghabbour Auto (GB Auto) provided a recommendation to the extraordinary general meeting (EGM) to retract its decision to merge with RG Investments (RGI). The board also proposed cancelling all the effects …
Event
The company’s sales fell to EGP 25.4 billion in 2019
27 February 2020 11:43 AM GB Auto’s profit sinks 67% in 2019
Cairo – Mubasher: Ghabbour Auto (GB Auto) reported a 66.75% year-on-year plunge in its net profits during 2019, the company’s consolidated financial statements showed. The automotive company’s net profits dwindled to EGP 223.55 million last year …
Financial Results
GB Auto will look for new representations of PC brands in Iraq
26 February 2020 01:18 PM GB Auto no longer represents Hyundai in Iraq
Cairo – Mubasher: Ghabbour Auto (GB Auto) will no longer represent Hyundai in its passenger car’s (PC) division in Iraq as the South Korean auto manufacturer changes its policy to a multi-distributor model strategy in the Arab country. “Such …
Company News
The coronavirus outbreak has no impact on the Egyptian market
6 February 2020 05:37 PM GB Auto denies coronavirus’ impact on its operations
Cairo – Mubasher: Ghabbour Auto (GB Auto) has denied any impact on its operations by the coronavirus outbreak, according to a statement released on Thursday. The company noted that it received a notice from Chinese automaker Chery regarding a …
Companies Investments
The banking sector is forecast to be the top beneficiary of the new amendment
23 December 2019 04:34 PM Ghabbour Auto among top beneficiaries of raising debt burden ratio – Report
Cairo – Mubasher: Several companies listed on the Egyptian Exchange (EGX) are expected to benefit the most from the Central Bank of Egypt’s (CBE) decision to raise the debt burden ratio of retail portfolio to 50%. The banking sector is forecast to …
Banking and Finance
The transaction is still pending regulatory approval
22 December 2019 11:35 AM EFG Hermes, GB Auto to acquire 75% of Tokio Marine Egypt Family Takaful
Cairo – Mubasher: EFG Hermes announced that its subsidiary EFG Hermes Finance Holding and Ghabbour Auto’s (GB Auto) subsidiary GB Capital signed a definitive sale and purchase agreement (SPA) to acquire 75% of Tokio Marine Egypt Family Takaful. …
Companies Investments
Net profits tumbled to EGP 174.07 million
13 November 2019 00:12 PM GB Auto’s profit drops 67% in 9M
Cairo – Mubasher: Ghabbour Auto (GB Auto) posted a 67% year-on-year profit decrease during the first nine months of 2019, the company’s consolidated financial statements showed. Net profits tumbled to EGP 174.07 million in the January-September …
Financial Results
CIB also served as bookrunner and underwriter of the transaction
6 November 2019 06:07 PM GB Auto’s unit concludes 1st EGP 425m securitised bond offering
Cairo – Mubasher: Ghabbour Auto (GB Auto) announced that its subsidiary Drive Finance has concluded its first securitised bond offering worth EGP 425 million. Proceeds from the offering will be directed to “deleverage Drive’s balance sheet and …
Corporate Actions
GB Auto holds a 90% stake in Drive Finance
18 September 2019 03:16 PM GB Auto to issue securitised bonds for Drive Finance before end 2019
By: Heba El-Kordy Cairo – Mubasher: Ghabbour Auto (GB Auto) has not received yet the Egyptian Financial Regulatory Authority's (FRA) final approval concerning offering securitised bonds for its subsidiary Drive Finance, the company’s associate …
Companies Investments
GB Auto will sell Chery Arrizo 5 cars to Careem drivers
5 September 2019 05:34 PM GB Auto signs deal with Careem to boost sales
Cairo – Mubasher: Ghabbour Auto (GB Auto) signed an agreement to sell cars to drivers of the ride-hailing app Careem, the company’s associate vice president for investor relations, Andre Valavanis, said.   GB Auto will sell Chery Arrizo 5 cars to …
Companies Investments
The new JV’s paid capital is planned to be EGP 150 million
3 September 2019 02:40 PM EFG Hermes, Talaat Moustafa, GB Capital to launch mortgage JV in October
By: Islam Fadl Cairo – Mubasher: A new mortgage finance joint venture (JV) will be launched in October, CEO of EFG Finance Holding, the non-banking financial arm of EFG Hermes, Walid Hassouna, said.   Currently, the company’s board of directors …
Companies Investments
Such transaction will have no impact on GB Auto’s consolidated financial results
3 September 2019 00:20 PM GB Auto’s shareholders approve merger with RGI
Cairo – Mubasher: Ghabbour Auto (GB Auto) announced that its shareholders have approved a restructuring that will strengthen the position of its unit GB Capital to pursue potential strategic opportunities during an extraordinary general meeting …
Insider Trading & Treasury Stocks
The EGX
24 August 2019 08:30 PM Interest rate cut to boost 8 stocks on EGX
Cairo – Mubasher: The Central Bank of Egypt’s (CBE) decision to cut interest rates is expected to have a positive impact on the liquidity of the Egyptian Exchange (EGX), according to a report released by Beltone Research on Saturday. The cut of …
Stock Evaluations
Sales rose to EGP 11.5 million
7 August 2019 01:28 PM GB Auto’s profit falls 56% in H1
Cairo – Mubasher: Ghabbour Auto (GB Auto) reported a 56% year-on-year profit drop during the first half of 2019. Net profits plunged to EGP 113.48 million in the six-month period ended 30 June, compared to EGP 255.6 million in the year-ago period, …
Financial Results
GB Auto’s stock will be listed in the EGX70 index
31 July 2019 03:22 PM Global Telecom, GB Auto among companies delisting from EGX 30
Cairo – Mubasher: The Egyptian Exchange (EGX) decided to delist six stocks from the benchmark EGX30 index, including Global Telecom Holding (GTH) and Ghabbour Auto (GB Auto), as part of the EGX’s semi-annual review of the market indices. As a …
Trading Activities
CIB and AAIB were joint lead managers and joint bookrunners
13 June 2019 11:30 AM GB Auto unit issues EGP 767m securitisation bonds
Cairo – Mubasher: Ghabbour Auto (GB Auto) announced that its subsidiary GB Leasing has issued its second securitisation bonds valued at EGP 767 million. Egypt's largest car assembler and distributor will use proceeds from the transaction to slash …
Banking and Finance
GB Auto has achieved a growth of 23.48% in Q1 sales
13 May 2019 00:47 PM GB Auto records EGP 66m profit in Q1
Cairo – Mubasher: The consolidated income statements of Ghabbour Auto (GB Auto) showed a growth of 6.62% in profits during the first quarter of 2019 compared to the corresponding period last year. Net profits during Q1-19 grew to EGP 66.19 million …
Financial Results
Profits from main operations were negatively affected by losses of the automotive market
3 March 2019 06:07 PM Beltone sets GB Auto fair value at EGP 6.70/shr
Cairo – Mubasher: Beltone Research set its fair value estimate for Ghabbour Auto (GB Auto) at EGP 6.70 per share, compared to a market price of EGP 5.19, with a “buy” recommendation. GB Auto's profits from main operations were negatively affected …
Stock Evaluations